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GEM Co., Ltd. (GEM) is one of the largest battery recycling plants in China. GEM has been recycling for 20 years and has a world-leading position in battery recycling. GEM has industrialized the technology that recycles nickel, cobalt, manganese, and aluminum from scrap batteries. GEM has also built a production base of lithium-ion battery cathode material precursors. GEM stands for "Green, Eco-manufacture". It was inspired by a toothpaste experiment. In 2021, GEM was honored in the Forbes 2021 TOP 50 list of China's most innovative companies, 2021 Hurun China Top 100 Private Enterprises for Sustainable Development and Top 500 Chinese Enterprises.
Neometals Limited is a company that operates in the lithium battery and Vanadium recovery industries. They develop and operate recycling and recovery plants for both industries. Neometals' lithium-ion battery recycling process targets the Consumer electronic batteries: Lithium cobalt oxide (LCO) cathodes, Nickel-rich electric vehicle and stationary storage battery chemistries: Lithium-nickel-manganese-cobalt (NMC) cathodes, and End-of-life cells: Lithium-ion battery production scrap. Neometals is an emerging, sustainable battery materials producer. The Company has developed a suite of green battery materials processing technologies that reduce reliance on traditional mining and processing and support circular economic principles. Neometals’ three core business units: Lithium-ion Battery (“LIB”) Recycling – to produce new battery materials from spent LIBs in a 50:50 JV (Primobius) with German plant builder SMS group. Primobius has a 10tpd commercial Shredding ‘Spoke’ operation in Germany, it is the recycling technology partner to Mercedes Benz and is planning its first 50tpd operation with Stelco Inc. in Canada; Vanadium Recovery - to produce high-purity V2O5 via processing of steelmaking by-product (“Slag”). Developing a 300,000tpa ~73:17 JV operation in Pori, Finland, underpinned by a 10-year Slag supply agreement with steelmaker SSAB. MOU with H2Green Steel underpins potential second operation in Boden, Sweden; and Lithium Chemicals – to produce battery quality LiOH from brine and/or hard-rock feedstocks using patented ELi™ electrolysis process owned by RAM (70% NMT, 30% Mineral Resources Ltd). Targeting initial 25,000tpa operation in Estarreja with Portugal’s largest chemical producer, Bondalti Chemicals S.A.
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